Kengrifin, founder of Citadel Securities, said he is considering exploring the crypto space.
Ken Griffin, Billionaire founder of Citadel Securities, one of the world’s largest market-making companies, said on Monday that the company expects to enter the cryptocurrency market as a combination of liquidity providers and exchanges. ..
At the Milken Institute Global Conference in Los Angeles, Griffin said, “Given the institutional interest in cryptocurrencies, a crypto space that provides liquidity to institutional and potential private investors. I think it makes sense to expect us to get more involved. “
Some market makers, such as Virtu Financial, Jump Trading, and DRW, which provide market liquidity by streaming trading quotes for others to trade, have adopted early asset classes. However, Citadel Securities remains primarily a bystander.
In October, Griffin called cryptocurrencies “a jihadist call that we don’t believe in the dollar.”
But on Monday, he said he was skeptical of cryptocurrencies while having to live in the reality that assets are worth what people feel is worth.
“I also collect American abstract art,” he said. “Why is the painting worth $ 10 million? It’s oil on canvas. So the value is in the eyes of the viewer.”
Citadel Securities, which was worth nearly $ 22 billion after the January funding round, isn’t rushing into the crypto market as it wants to ensure very high standards such as money laundering prevention, according to Griffin. ..
While the company aims to provide liquidity to the crypto market, Griffin also believes that Citadel Securities is “very important” in helping crypto exchange technology connect buyers and sellers. Told.
